A Solution For You
YMS offers you a solution that comes with many additional benefits to you and your Practice. We propose to purchase the Practice from you at its market value. Following the sale we ask that you continue to practice at your surgery. The length of time you wish to remain in practice will be determined by you and is normally three years. This time allows YMS to find a replacement GP. The funding structure is determined by the length of time you want to stay in the practice.
By selling your business to us you may be able to take advantage of relevant tax relief schemes eg Capital Gains tax Relief and/or Entrepreneurial Tax Relief. You will need to take independent tax advice.
YMS will take over the general management of the practice and oversee payroll, administration, recruitment, policy development etc. We will produce monthly accounts and meet with you at least bimonthly to discuss the financial performance and other matters relating the Practice.